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HT shares tumble amidst investors' disappointment with financial statement

Autor: mses
ZAGREB, Feb 14 (Hina) - The Zagreb Stock Exchange (ZSE) indexes -- the Crobex and the specialised Crobex10 index -- on Monday fell 0.95 percent to 2,311.50 points and 0.93 percent to 1,270.91 points respectively.

Regular turnover totalled HRK 50.25 million, with the shares of the HT telecommunications company turning over HRK 23.2 million.

The HT price tumbled by 5.39 percent to HRK 297.05 per share due to the disappointment of investors with the operator's business results, published in a financial statement, and a proposal for the payment of a dividend lower than last year's. According to the financial statement, HT revenues in 2010 dropped 1.7 percent on the year to HRK 8.37 billion, with net profits falling by 9.5 percent to HRK 1.83 billion. The proposed dividend amounts to HRK 22.76 per share, down 33 percent.

The stock of the Belje agribusiness turned over HRK 4.8 million, with a price rise of 1.77 percent to HRK 115 per share.

The INA oil and gas group made a turnover of three million kuna with a price drop of 0.41 percent to HRK 3,635.

(EUR 1 = HRK 7.410382)

(Hina) ms

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